Ireland: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Ireland

For the tenth consecutive year, the Irish market for in-hand motor grinders, sanders and planers recorded growth in sales value, which increased by 54% to $X in 2021. In general, consumption enjoyed a significant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of In-Hand Motor Grinders, Sanders And Planers in Ireland

In value terms, production of in-hand motor grinders, sanders and planers reached $X in 2021 estimated in export price. Overall, production showed a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Ireland

In 2021, shipments abroad of in-hand motor grinders, sanders and planers increased by 117% to X units, rising for the fifth year in a row after four years of decline. Overall, exports, however, showed a abrupt shrinkage. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous contraction. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Ireland, accounting for a 95% share of total exports. It was followed by China (X units), with a 2.5% share of total exports. Austria (X units) ranked third in terms of total exports with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+121.8% per year) and Austria (-42.1% per year).

In value terms, the UK ($X) remains the key foreign market for electromechanical tools for working in the hand, with self-contained electric motor exports from Ireland, comprising 95% of total exports. The second position in the ranking was taken by China ($X), with a 1.2% share of total exports. It was followed by Austria, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+111.9% per year) and Austria (-46.4% per year).

Export Prices by Country

The average export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, dropping by -31.7% against the previous year. Overall, the export price faced a drastic downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Ireland

In 2021, the amount of in-hand motor grinders, sanders and planers imported into Ireland surged to X units, jumping by 92% on the year before. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electromechanical tools for working in the hand, with self-contained electric motor supplier to Ireland, accounting for a 53% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+34.8% per year) and the Netherlands (+103.4% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Ireland, comprising 52% of total imports. The second position in the ranking was held by the UK ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.6% per year) and the Netherlands (+95.3% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, dropping by -5.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 9.5% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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